INGRAM MICRO NET INCOME INCREASED 64 PERCENT FOR THIRD QUARTER 1997
Company reports revolving credit facilities increase to $1.65 billion

SANTA ANA, Calif., Oct. 29, 1997
Ingram Micro Inc. (NYSE: IM) today announced its financial results for the third quarter ended September 27, 1997.

Net income for the quarter was $44.3 million, exceeding net income in the previous year's quarter by 64 percent. Earnings per share increased 36 percent, growing from $0.22 per share to $0.30 per share. The earnings per share comparison is based on 20 percent more shares outstanding in the third quarter of 1997 than the third quarter of 1996, largely as a result of the company's initial public offering in November 1996.

In both the 1997 and 1996 third quarters, Ingram Micro's results include a noncash compensation charge related to the vested portion of previously granted stock options converted to Ingram Micro stock options. These charges were $1.5 million and $0.6 million, net of tax, in the third quarters of 1997 and 1996, respectively. Excluding these charges, net income for the third quarter of 1997 grew 66 percent to $45.8 million and earnings per share grew 35 percent to $0.31.

The company posted record net sales in the third quarter of 1997 of $4.09 billion, growing 39 percent over the $2.93 billion achieved in the same quarter last year.

For the first three quarters of 1997, net income was $124.6 million, exceeding net income for the same period in 1996 by 61 percent, and earnings per share increased 33 percent, reaching $0.85 per share.

Year-to-date, through the third quarter of 1997, the total noncash compensation charge related to stock options was $4.4 million, net of tax, as compared to $5.4 million for the same period in 1996. Excluding these charges, net income for the period grew 56 percent over last year to $129.1 million and earnings per share grew 28 percent to $0.88.

For the first three quarters of 1997, net sales for the company grew 35 percent to $11.45 billion.

In addition, the company has added two new multi-year, multi-currency revolving credit facilities totaling $650 million, providing the company total committed revolving credit facilities of $1.65 billion. The primary purpose of these new facilities will be to provide additional capital for our operations throughout Europe and Canada.

About Ingram Micro Inc.
Ingram Micro Inc. (NYSE:IM), headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1996 sales of $12 billion. The company operates in 20 countries and distributes more than 48,000 SKUs to more than 100,000 resellers in 120 countries.

For detailed information about Ingram Micro's third-quarter earnings, see the Consolidated Balance Sheet, Consolidated Statement of Income and Consolidated Statement of Cash Flows. You'll need Adobe Acrobat Reader to view these documents.